Following Fed Chair Powell's speech, the focus for the next week will shift back to economic data. The job market indicators (including NFP) and infla
tion numbers will be crucial before the September FOMC meeting. Additionally, Australia and the Eurozone will release their inflation reports. The market will also pay attention to the Chinese PMI.recorded its sixth consecutive weekly gain, reaching a multi-month high above 104.00. The strength of the US economy continues to bolster the US Dollar. While the US economy shows signs of softening, other economies face more challenging circumstances.
Next week, market participants will continue to pay attention to central bankers' statements. Federal Open Market Committee members have been sending mixed signals. The Federal Reserve is data-dependent, and currently, economic indicators allow for potential future interest rate hikes, which would be appropriate if inflation proves to be more resilient and heats up.
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